EDU Holdings (ASX:EDU) Receivables Turnover : 18.02 (As of Dec. 2023)

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What is EDU Holdings Receivables Turnover?

The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. EDU Holdings's Revenue for the six months ended in Dec. 2023 was A$11.15 Mil. EDU Holdings's average Accounts Receivable for the six months ended in Dec. 2023 was A$0.62 Mil. Hence, EDU Holdings's Receivables Turnover for the six months ended in Dec. 2023 was 18.02.

EDU Holdings Receivables Turnover Historical Data

The historical data trend for EDU Holdings's Receivables Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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EDU Holdings Receivables Turnover Chart

EDU Holdings Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Dec22

Dec23

Receivables Turnover

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15.93

19.52

27.06

29.56

277.29

EDU Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															15.83	10.67	11.07	15.78	18.02

Competitive Comparison of EDU Holdings's Receivables Turnover

For the Education & Training Services subindustry, EDU Holdings's Receivables Turnover, along with its competitors' market caps and Receivables Turnover data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

EDU Holdings's Receivables Turnover Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, EDU Holdings's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where EDU Holdings's Receivables Turnover falls into.

EDU Holdings Receivables Turnover Calculation

Receivables Turnover measures the number of times a company collects its average accounts receivable balance.

EDU Holdings's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	21.213	/ (	(0.096	+	0.057)	/	2 )
=	21.213	/	0.0765
=	277.29

EDU Holdings's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Jun. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	11.148	/ (	(1.18	+	0.057)	/	2 )
=	11.148	/	0.6185
=	18.02

EDU Holdings (ASX:EDU) Receivables Turnover Explanation

An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.

EDU Holdings Receivables Turnover Related Terms

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EDU Holdings (ASX:EDU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » EDU Holdings Ltd (ASX:EDU) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

65 York Street, Level 1, Sydney, NSW, AUS, 2000

Website

https://www.eduholdings.com.au

EDU Holdings Ltd is engaged in the provision of education services. The company offers accredited vocational education to the student market in the areas of fitness, sport and recreation management, massage therapy, and dance teaching. EDU currently has two wholly-owned operating businesses: Australian Learning Group Pty Limited and Proteus Technologies Pty Ltd trading as Ikon Institute of Australia. The business operates from campuses in Sydney, Melbourne, Brisbane and Perth.